How much can a project like @cysic_xyz reach at TGE in today's market conditions?

Today marks the beginning of December Hell, and Majic has exploded again and again. Let's analyze what the recent situation of the projects will be, taking Cysic as an example.

First, let's look at comparable tokens in the same space: the tokens for decentralized computing power and ZK/AI infrastructure, with the current FDV/market cap level approximately at:
FDV;
Render Market Cap ≈ $0.8B;
Bittensor market cap ≈ $2.9B;
zkSync currently has an FDV of approximately $0.8–1.2B.

In the current atmosphere of stock game play, if Cysic narrates "ZK proof capacity network/ComputeFi" for TGE, I suggest three reasonable initial FDV ranges:

Conservative: $250–400M (close to the early pricing range, allowing for greater maneuverability in market making and liquidity).
Benchmark: $500–800M (benchmarking against the median of ZK infrastructure and the median range of some AI/computing networks, beneficial for secondary undertakings).
Strong: $1.0–1.5B (Just bragging for now)

In the end, it still depends on these factors:
Initial circulation ratio & unlocking curve (the lower the circulation, the smaller the selling pressure, the more the FDV can rise).
Primary OTC market making + Exchange distribution quality (determines pricing continuity and depth).